Private Sector

Learn about the manifestations of corruption involving the private sector and find more about donors' engagement in this area.

Corruption is not a problem exclusive to the public sector. Private sector corruption also damages developing countries. It may involve businesses corrupting public officials but can also take place between private sector actors only. Discover how economic development spurs initiatives to improve integrity and stamp out corruption in this sector that is crucial to lifting countries out of poverty.

Recommended Reading

Global Compact Working Group on the 10th Principle appointed the Taskforce

to create a Reporting Guidance on the 10th Principle as a tool to give practical guidance

to small, medium and large companies as they report on their efforts.

This Reporting Guidance was created over the course of 15 months (from September 2008 until

November 2009) by the Taskforce which included non-governmental organizations,

anti-corruption experts and business practitioners

A task force including NGOs, anti-corruption experts and business practitioners created this tool to guide practical guidance to small, medium and large companies as they report their efforts on anti-corruption and implementation mechanisms. The 10th Principle commits Global Combat participants to avoid bribery, extorsion and other forms of corruption and also to develop policies internally to address corruption. The tool is meant to help organizations identifying the components of a comprehensive anti-corruption programme, to giving practical examples on how and what to report and also to provide guidance regarding format to reporting.

The Business Principles first developed with Social Accountability in 2003 have been carried out through a multi-stakeholder initiative to encourage the development of other anti-bribery codes. This revised edition reflects the new developments in anti-bribery codes applying to both public officials and to private-to-private transactions. The Business Principles aim to provide practical anti-bribery guidelines for all enterprises to help create a more level playing field.